JUTEC Holdings Corporation (TSE:3157) agreed to acquire Masuda Juken Toyo Juki Co., Ltd from Nobuki Masuda and others on March 25, 2024. As of March 31, 2023, Masuda Juken Toyo Juki Co., Ltd reported net assets of ¥300 million, total assets of ¥840 million, sales of ¥2 billion, operating income of ¥88 million, and net income of ¥65 million. The deal is expected to be completed on May 1, 2024.